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Disbursing officer vs loan officer assistant

The differences between disbursing officers and loan officers assistant can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a disbursing officer and a loan officer assistant. Additionally, a loan officer assistant has an average salary of $45,681, which is higher than the $33,641 average annual salary of a disbursing officer.

The top three skills for a disbursing officer include financial management, payroll services and treasury. The most important skills for a loan officer assistant are customer service, origination, and loan process.

Disbursing officer vs loan officer assistant overview

Disbursing OfficerLoan Officer Assistant
Yearly salary$33,641$45,681
Hourly rate$16.17$21.96
Growth rate4%4%
Number of jobs56,77365,094
Job satisfaction-4
Most common degreeBachelor's Degree, 63%Bachelor's Degree, 53%
Average age4545
Years of experience66

Disbursing officer vs loan officer assistant salary

Disbursing officers and loan officers assistant have different pay scales, as shown below.

Disbursing OfficerLoan Officer Assistant
Average salary$33,641$45,681
Salary rangeBetween $23,000 And $48,000Between $28,000 And $72,000
Highest paying City-New York, NY
Highest paying state-New York
Best paying company-Stifel Financial
Best paying industry-Finance

Differences between disbursing officer and loan officer assistant education

There are a few differences between a disbursing officer and a loan officer assistant in terms of educational background:

Disbursing OfficerLoan Officer Assistant
Most common degreeBachelor's Degree, 63%Bachelor's Degree, 53%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaSUNY at Binghamton

Disbursing officer vs loan officer assistant demographics

Here are the differences between disbursing officers' and loan officers assistant' demographics:

Disbursing OfficerLoan Officer Assistant
Average age4545
Gender ratioMale, 59.8% Female, 40.2%Male, 28.8% Female, 71.2%
Race ratioBlack or African American, 9.1% Unknown, 4.6% Hispanic or Latino, 15.7% Asian, 6.3% White, 63.8% American Indian and Alaska Native, 0.5%Black or African American, 9.1% Unknown, 4.6% Hispanic or Latino, 15.7% Asian, 6.3% White, 63.8% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between disbursing officer and loan officer assistant duties and responsibilities

Disbursing officer example responsibilities.

  • Manage high volumes of financial activity in a fast-pace, risk-base combat environment in Afghanistan.
  • Research and input EFT (electronic funds transfer) information.
  • Collect loan proceeds and deposit funds into escrow accounts.
  • Resolve pay/leave problems in coordination with DFAS payroll offices.
  • Prepare & endorse U.S. Treasury checks for witness fees and death gratuity payments.
  • Execute electronic funds transfers for civilian payroll and issue reports to U.S. Treasury.
  • Show more

Loan officer assistant example responsibilities.

  • Supervise and manage the processing staff and also underwrite conventional loans for correspondent lenders.
  • Collect and organize sales and listing data for files, assemble all data in accordance with Fannie Mae and FHA guidelines.
  • Field incoming requests for VA home loans.
  • Review loans for REPSA and HMDA guidelines, compliance and require documents.
  • Check RESPA for compliance and re-disclose for any loan changes or fee corrections.
  • Review documents and ensure all applicable disclosures are in loan file according to RESPA guidelines.
  • Show more

Disbursing officer vs loan officer assistant skills

Common disbursing officer skills
  • Financial Management, 25%
  • Payroll Services, 14%
  • Treasury, 12%
  • Internal Controls, 6%
  • Financial Aid Funds, 5%
  • Travel Claims, 3%
Common loan officer assistant skills
  • Customer Service, 28%
  • Origination, 9%
  • Loan Process, 6%
  • Loan Origination, 5%
  • FHA, 5%
  • Va, 5%

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